Genesis Land Development (TSE:GDC) Hits New 52-Week High – Time to Buy?

Shares of Genesis Land Development Corp. (TSE:GDC) reached a new 52-week high during trading on Wednesday . The company traded as high as C$4.25 and last traded at C$4.25, with a volume of 105095 shares trading hands. The stock had previously closed at C$4.15.

Genesis Land Development Trading Down 2.1 %

The firm’s 50 day moving average is C$3.94 and its 200 day moving average is C$3.55. The company has a debt-to-equity ratio of 53.71, a current ratio of 8.72 and a quick ratio of 0.80. The company has a market cap of C$235.11 million, a PE ratio of 9.40 and a beta of 1.06.

Genesis Land Development (TSE:GDC) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.14 earnings per share for the quarter. Genesis Land Development had a return on equity of 10.16% and a net margin of 9.14%. The firm had revenue of C$94.98 million for the quarter.

Genesis Land Development Company Profile

Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, Canada. It operates through two segments: Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders; and sells lots and completed homes.